Eventually the sustainability movement has achieved the real estate industry. Since the íStern Reviewî was published in 2006 governments all over the world are trying to reduce the most obvious ecological hazards that are responsible for the climate change. While the existing building stock...

We apply additive mixed regression models (AMM) to estimate hedonic price equations. Non-linear effects of continuous covariates as well as a smooth time trend are modeled non-parametrically through P-splines. Unobserved district-specific heterogeneity is modeled in two ways: First, by location...

We apply additive mixed regression models (AMM) to estimate hedonic price equations. Non-linear effects of continuous covariates as well as a smooth time trend are modeled non-parametrically through P-splines. Unobserved district-specific heterogeneity is modeled in two ways: First, by location...

Properties with outstanding green features and their potential influence on increasing rents and values in the market place associated with higher economic performance on investments have been investigated on a global scale in the past. As a result the upside of green credentials is well...

In this contribution we establish hedonic pricing models integrating spatial effects. Based on prices for more than 52,000 residences in the Vienna region, which are arranged by postal code, we specify a hedonic regression model which explains the price structure in this sample. For this purpose...

We apply additive mixed regression models (AMM) to estimate hedonic price equations. Non-linear effects of continuous covariates as well as a smooth time trend are modeled non-parametrically through P-splines. Unobserved district-specific heterogeneity is modeled in two ways: First, by location...

Purpose – The paper aims to estimate the effect of energy efficiency on the Market Value of office buildings and consider whether this effect increases over time. Design/methodology/approach – The authors analyze a dataset of office building valuations from 2009 to 2011, provided by the...